Are you wondering how to enter credit card rewards into QuickBooks?
Then you've found the right video 😉
The first step is to create a special account to track the rewards, as they are "non-taxable".
I'll also walk you through how to track if you apply the rewards to your statement balance or if you take cashback and deposit the money into your bank account. 💳
Don't forget to like, subscribe, and hit the notification bell so you never miss out on my latest tips and tricks to make QuickBooks work for you! 🤓
Make sure to share any ah-ha's with me in the comments. ⤵️
If you're looking for the Desktop Version of this video click here ➡️ [ Ссылка ]
Resources mentioned in this video:
How to enter Credit Card Charges Reconcile and apply Partial Payments in QuickBooks Online ➡️ [ Ссылка ]
Ready to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business... ➡️ [ Ссылка ]
Time Stamps:
Introduction (0:00)
Credit Card Rewards Overview (0:02)
Desktop vs. Online Users (0:21)
Creating a Credit Card Account (0:33)
Non-Taxable Credit Card Rewards (1:01)
Setting Up a Rewards Account (1:14)
Account Type Selection (2:13)
Choosing Other Income for Rewards (2:17)
Saving and Viewing Your Account (3:03)
Entering Transactions in QuickBooks (3:32)
Handling Statement Credits (3:51)
Inputting Credit Card Information (4:01)
Credit Card Credits in Profit and Loss (5:15)
Deposits from Bank Transactions (5:44)
Viewing Transactions in Reports (6:24)
Using Bank Feeds for Credits and Deposits (6:52)
Manual and Bank Feed Methods Summary (7:21)
Conclusion and Call to Action (7:29)
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